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Sectoral / Thematic · Nippon India Mutual Fund · AMFI code 101862Nippon India Banking & Financial Services Fund
Disclosed for 64 months, May 2021 to Aug 2026.Published as: NIPPON INDIA BANKING & FINANCIAL SERVICES FUND (An open ended equity scheme investing in Banking & Financial Services Sector)
Portfolio value
₹4,020 Cr
up ₹28.1 Cr vs Nov 2022
- Stocks held
- 28
- unchanged
- Top 10 weight
- 62.6%
- of the portfolio in its ten largest
Nippon India Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Nippon India Mutual Fund. In December 2022 it disclosed 28 stocks worth ₹4,020 Cr, up ₹28.1 Cr from Nov 2022. Its largest positions were HDFC Bank Limited (10.8%), ICICI Bank Limited (9.7%), Axis Bank Limited (9.0%); the ten largest together made up 62.6% of the portfolio, and Banks was the biggest sector at 63.5% of its equity. Cash and debt stood at 2.3%. Compared with Nov 2022 the fund entered 1 new stock and exited 1.
Against 229 other Sectoral / Thematic funds
Concentration
87%
Top-10 weight is higher than 87% of peers
Breadth
12%
Holds more stocks than 12% of peers
Cash
31%
Holds more cash than 31% of peers
What these mean: concentration · cash
Holdings in December 2022
Download CSVEvery line the fund disclosed, with the change against Nov 2022. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| HDFC Bank Limited | 10.82% | up 0.06 pts | ₹435 Cr | up ₹5.3 Cr | Added |
| ICICI Bank Limited | 9.71% | down 0.75 pts | ₹390 Cr | down ₹27.2 Cr | Trimmed |
| Axis Bank Limited | 8.96% | up 0.25 pts | ₹360 Cr | up ₹12.5 Cr | Added |
| State Bank of India | 8.49% | up 0.10 pts | ₹341 Cr | up ₹6.3 Cr | Added |
| IndusInd Bank Limited | 4.64% | up 0.75 pts | ₹186 Cr | up ₹31.3 Cr | Added |
| Housing Development Finance Corporation Limited | 4.56% | down 1.14 pts | ₹183 Cr | down ₹44.2 Cr | Trimmed |
| LIC Housing Finance Limited | 4.12% | up 0.25 pts | ₹166 Cr | up ₹11 Cr | Added |
| SBI Cards and Payment Services Limited | 4.10% | down 0.18 pts | ₹165 Cr | down ₹6 Cr | Trimmed |
| Equitas Small Finance Bank Limited | 3.82% | up 0.05 pts | ₹154 Cr | up ₹3.2 Cr | Added |
| The Federal Bank Limited | 3.41% | up 0.10 pts | ₹137 Cr | up ₹4.9 Cr | Added |
| Bandhan Bank Limited | 2.98% | up 0.52 pts | ₹120 Cr | up ₹21.7 Cr | Added |
| SBI Life Insurance Company Limited | 2.81% | down 0.09 pts | ₹113 Cr | down ₹2.8 Cr | Trimmed |
| Bank of Baroda | 2.78% | up 0.27 pts | ₹112 Cr | up ₹11.7 Cr | Added |
| UTI Asset Management Company Limited | 2.74% | up 0.24 pts | ₹110 Cr | up ₹10.2 Cr | Added |
| Max Financial Services Limited | 2.72% | up 0.23 pts | ₹109 Cr | up ₹10 Cr | Added |
| Karur Vysya Bank Limited | 2.46% | up 0.27 pts | ₹99 Cr | up ₹11.4 Cr | Added |
| Angel One Limited | 2.42% | down 0.55 pts | ₹97.2 Cr | down ₹21.2 Cr | Trimmed |
| Cash, TREPS & receivables | 2.33% | down 0.89 pts | ₹93.8 Cr | down ₹34.7 Cr | Trimmed |
| HDFC Life Insurance Company Limited | 2.27% | up 0.02 pts | ₹91.2 Cr | up ₹1.4 Cr | Added |
| CreditAccess Grameen Limited | 2.05% | down 0.07 pts | ₹82.4 Cr | down ₹2.1 Cr | Trimmed |
| RBL Bank Limited | 1.96% | up 0.27 pts | ₹78.7 Cr | up ₹11.4 Cr | Added |
| Cholamandalam Financial Holdings Limited | 1.96% | down 0.16 pts | ₹78.7 Cr | down ₹5.7 Cr | Trimmed |
| Canara Bank | 1.65% | up 0.08 pts | ₹66.4 Cr | up ₹3.7 Cr | Added |
| Power Finance Corporation Limited | 1.44% | up 0.04 pts | ₹57.8 Cr | up ₹2.2 Cr | Added |
| KFin Technologies Limited | 1.17% | up 1.17 pts | ₹47.1 Cr | up ₹47.1 Cr | New |
| PB Fintech Limited | 1.00% | down 0.02 pts | ₹40.3 Cr | down ₹40 L | Trimmed |
| Muthoot Finance Limited | 0.77% | down 0.15 pts | ₹31 Cr | down ₹5.9 Cr | Trimmed |
| Sundaram Finance Limited | 0.69% | up 0.05 pts | ₹27.8 Cr | up ₹2.1 Cr | Added |
| Equitas Holdings Limited | 0.64% | up 0.03 pts | ₹25.6 Cr | up ₹1.2 Cr | Added |
| Housing Development Finance Corporation Limited (Warrant) Other | 0.53% | down 0.01 pts | ₹21.5 Cr | down ₹18 L | Trimmed |
What changed, Nov 2022 to Dec 2022
New New positions (1)
- KFin Technologies Limited1.2% · ₹47.1 Cr
Exited Exited (1)
- Poonawalla Fincorp Limitedwas 0.8% · ₹30.1 Cr
Added Biggest additions
- IndusInd Bank Limitedup ₹31.3 Cr (+0.75% pts)
- Bandhan Bank Limitedup ₹21.7 Cr (+0.52% pts)
- Axis Bank Limitedup ₹12.5 Cr (+0.25% pts)
- Bank of Baroda
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Nov 2022, the weight rose most in Banks (+1.5 pts) and Capital Markets (+0.8 pts), and fell most in Finance (−2.4 pts).
- Banks62.0% → 63.5%+1.5 pts
- Capital Markets5.7% → 6.5%+0.8 pts
- Finance23.3% → 20.9%−2.4 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Dec 2021 | Jun 2022 | Sep 2022 | Nov 2022 | Dec 2022 |
|---|---|---|---|---|---|
| Banks | 68.1% | 65.8% | 63.0% | 62.0% | 63.5% |
| Finance | 20.8% | 25.0% | 24.4% | 23.3% | 20.9% |
| Insurance | 5.8% | 6.4% | 7.6% | 7.9% | 8.0% |
| Capital Markets | 5.3% | 2.8% | 5.0% | 5.7% | 6.5% |
| Financial Technology (fintech) | — | — | — | 1.1% | 1.0% |
Allocation in Dec 2022change vs Nov 2022
- Banks (12)63.5%▲ 1.5 pts
- Finance (9)20.9%▼ 2.4 pts
- Insurance (3)8.0%▲ 0.1 pts
- Capital Markets (3)6.5%▲ 0.8 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Dec 2022
2.3%
▼ 0.9 pts vs Nov 2022
- Cash alone
- 2.3%
- cash and net receivables
- A year earlier
- 2.1%
- Dec 2021 · now ▲ 0.2 pts
- Last 12 months
- 1.1% – 3.8%
- lowest to highest · record 3.8% in Sep 2022
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.